# The Crypto Fork

By [jer979](https://paragraph.com/@jer979-2) · 2022-10-21

---

I was reading [Sam Bankman-Fried’s proposal for crypto regulation](https://twitter.com/SBF_FTX/status/1582835426116575235) and, I will admit, my first reaction was “wow, it feels like this is an effort to use ‘regulation’ to build a moat around his businesses.”

I didn’t want to believe that, but [a lot of the comments seemed to suggest the same](https://twitter.com/SBF_FTX/status/1582840133018976258)

I have no idea how regulation and crypto co-exist, if ever, but imposing the existing system on crypto seems like the wrong way.

But this post isn’t about that.

It’s about the fact that many of the early wave of crypto entrepreneurs have now built successful businesses and, as Upton Sinclair said,

> “It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
> ============================================================================================================

Now, SBF’s “salary” isn’t the issue. He’s probably set for multiple lifetimes, but his sense of purpose now is his business empire….so he’s naturally going to want to protect that.

I imagine he’s just the biggest example of that type of mentality.

Which leads me to the “crypto fork.”

There are those who made it in crypto and will want to protect that, naturally, even if it means abandoning the principles that are at the core of crypto.

They will fork with those who believe in what crypto stands for.

The road to the end state just got a bit windier.

---

*Originally published on [jer979](https://paragraph.com/@jer979-2/the-crypto-fork)*